Adjusted earnings of $1.35 per share beat the Zacks Consensus Estimate of $1.30 by 3.8%. Also, earnings were up 37.8% year over year on the back of growth across all of its businesses and share repurchase program.

Additionally, net revenues of $1.32 billion improved 0.7% year over year on the back of increased contribution from the hotel group and the destination network segments. Revenues, however, slightly missed the Zacks Consensus Estimate of $1.33 billion by 0.6%.

Wyndham has been operating through its three operating segments: Hotel Group, Destination Network (formerly known as Vacation Exchange and Rentals) and Vacation Ownership.

Hotel Group revenues were $316 million, up 0.6% from the year-ago figure, which reflected higher franchise fees as well as growth in the company's Wyndham Rewards credit card program. The rise was partially offset by lower reimbursable property management revenues.

Domestic same store RevPAR inched up 2.9%. At constant currency, total system-wide same store RevPAR increased 2.7% year over year, reflecting softness in the U.S. and Canadian oil markets.

Adjusted EBITDA increased 9% to $52 million on the back of revenue gains from continued strong vacation rental performance and lower costs.

Revenues at Vacation Ownership declined 0.1% year over year to $705 million.

Gross VOI sales in the fourth quarter remained flat, given sales office closures from restructuring and Hurricane Matthew. Number of new owners added during the quarter was up 8% year over year. Meanwhile, volume per guest (VPG) was up 0.4% and tour flow declined 1.5% in the quarter.

Adjusted EBITDA increased 10% to $191 million on the back of lower costs.

The company also declared that its board of directors has authorized a 16% increase in the quarterly cash dividend to 58 cents from 50 cents per share. The hike will be effective from the first quarter of 2017.

2016 Results

Wyndham’s full-year adjusted earnings of $5.75 topped the Zacks Consensus Estimate of $5.70 by 0.9%. Moreover, it increased 12.5% from the year-ago quarter figure of $5.11.

Full-year revenues of $5.60 billion slightly missed the Zacks Consensus Estimate of $5.62 billion by 0.4%, but inched up 1.1% year over year.

For 2017, the company projects adjusted net income in a range of $637–$658 million. In the meantime, adjusted earnings per share are anticipated in a band of $5.90 to $6.10 per share. The Zacks Consensus Estimate for 2017 earnings is currently pegged at $6.25 per share.

Wyndham expects full-year revenues to roughly come in a range of $5.80–$5.95 billion. Adjusted EBITDA is also projected to be approximately in a band of $1.41 billion to $1.44 billion.

Belmond posted positive earnings surprises in three of the last four quarters, with an average beat of 108.63%. Additionally, for 2016, EPS is expected to improve 66.7%.

Choice Hotels International’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 2.67%. Further, for 2016, EPS is expected to grow 9.9%.

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